Kaperoni says All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII.

by **Ponee** on Fri Mar 23, 2018 9:33 pm

Kaperoni

  Article: "The exchange rate of the dollar and gold in Iraq on Thursday"  Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad today recorded 121 thousand and 250 purchase price 122.25 thousand dinars per dollar per cent."

  1212 to $1 not bad. [...others...say it is really at over 1250+.]   ...there are way to many articles from Iraq indicating otherwise. The auctions are to big right now ($180 million +) starting about a month ago, and article after article states the dinar is stronger now.

...I believe the CBI is 1215 or less but hard to prove without actual CBI documents.   I tend to think we are in compliance for a few weeks.

All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII.

I tend to think they will with auctions over $180 million a day (they want to end them), they want to move forward and begin to encourage investment.

By the way, the last Article IV came out in August (which is usually held a few months prior) which if its the same time this year would be a good time to transition. Time will tell.

I will also add that Article VIII is not something the CBI can wait on.

Remember the IMF stated a few times (the last Article IV Consultation and at least another time during these reforms) that moving towards "acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community..."

03.23.2018

by **Kevind53** on Fri Mar 23, 2018 11:09 pm

Kaperoni says All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII.

Kaperoni says All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII.

Kaperoni

Re: Kaperoni says All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII.